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Tear-Downs Accounted for 10% of 2016 Housing Starts

(Mortgage News Daily) - 5 days, 18 hours ago
 Posted To: MND NewsWireIn some areas, they are called "scrape-offs," but the usual term is tear-down ; demolishing an existing home to build a new one in its place. Tear-downs, not to be confused with in-fill building where a house is erected on a vacant lot in a developed neighborhood, are often just a matter of replacing an aged or decaying property with a new home. But not always. Tear-downs can be a builders' staple in desirable towns where buildable land is at a premium and h...
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